PPG announces fiber glass price increases for Americas

Date: 18 April 2008
Source: PPG Industries
PPG Industries’ (NYSE:PPG) fiber glass business announced today it is raising prices effective May 1, or as permissible by contract, for products in the Americas.

Rising costs for energy, transportation, raw materials and precious metals create an economic hardship for our business and our industry that is affecting our ability to reinvest for the future,” said Greg Benckart, PPG general manager, fiber glass. “PPG has invested significant capital to support the industry, with furnace rebuilds in our wholly-owned assets as well as new capacity in Asia.While we want to continue to invest in technology and capacity, we find ourselves in a position where current economics will not justify these necessary investments.”

PPG’s price increases will affect all reinforcements for thermoset and thermoplastic resins as well as yarn products. Sales representatives will communicate price-increase details to their customers in these markets.

About PPG

Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG’s sales in 2007 were $11.2 billion. SigmaKalon, a worldwide coatings producer based in Uithoorn, Netherlands, that PPG acquired Jan. 2, 2008, had 2007 sales of $2.9 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.

600450 PPG announces fiber glass price increases for Americas glassonweb.com
Date: 18 April 2008
Source: PPG Industries

See more news about:

See more from these topics:

Others also read

SOLARBAN 90 glass available on performance-tinted glasses from Vitro Architectural Glass (formerly PPG Glass).
Vitro has successfully concluded the acquisition of the flat glass business from PPG.
PPG announced that it has completed the sale of its flat glass manufacturing and glass coatings operations to Vitro S.A.B. de C.V.
Low-emissivity glass, ultra-low-VOC coatings integral to sustainable double-skin façade
Vitro announced that the Company’s shareholders approved the acquisition of the assets of PPG’s Flat Glass Business for USD $755 million.
PPG has posted a new video to the online PPG Glass Education Center demonstrating how bent and laminated glasses are manufactured.

From industry


PPG Industries, Inc.

Add new comment